Charles Schwab Investment Management Inc. Buys 6,650 Shares of Forestar Group Inc. (NYSE:FOR)

Charles Schwab Investment Management Inc. increased its stake in shares of Forestar Group Inc. (NYSE:FOR) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,959 shares of the oil and gas exploration company’s stock after acquiring an additional 6,650 shares during the period. Charles Schwab Investment Management Inc. owned about 0.31% of Forestar Group worth $5,146,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Forestar Group by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock worth $78,012,000 after buying an additional 201,032 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Forestar Group by 46.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 65,990 shares of the oil and gas exploration company’s stock worth $2,111,000 after buying an additional 20,795 shares during the last quarter. Hussman Strategic Advisors Inc. increased its position in Forestar Group by 75.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the oil and gas exploration company’s stock worth $2,015,000 after buying an additional 27,000 shares during the last quarter. SG Americas Securities LLC acquired a new position in Forestar Group during the second quarter worth approximately $285,000. Finally, Los Angeles Capital Management LLC increased its position in Forestar Group by 73.5% during the third quarter. Los Angeles Capital Management LLC now owns 62,237 shares of the oil and gas exploration company’s stock worth $2,015,000 after buying an additional 26,360 shares during the last quarter. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Price Performance

Shares of NYSE FOR opened at $28.36 on Friday. The business’s 50 day moving average price is $30.66 and its two-hundred day moving average price is $31.20. The company has a market cap of $1.44 billion, a PE ratio of 7.07 and a beta of 1.72. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. Forestar Group Inc. has a twelve month low of $27.49 and a twelve month high of $40.92.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.29. The firm had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. On average, analysts predict that Forestar Group Inc. will post 3.67 EPS for the current year.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the sale, the director now owns 5,951 shares of the company’s stock, valued at $193,883.58. The trade was a 25.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.49% of the company’s stock.

Forestar Group Company Profile

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.